42 Braggan St, Gailes is a 5 bedroom, 2 bathroom House with 4 parking spaces and was built in 1980. The property has a land size of 1313m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in May 2019.
Situated near the junction of the Logan and Ipswich motorways, just 25 minutes or so to the CBD, this property offers 2 strong income producing homes on one large block of 1313m2!
Astute investors looking for a great return in the current market should take note!
The house rents for $490 and the granny flat for $310, making a total of $800. Lease on the main house is until May 2023.
The main house is set back a fair way from the street, and there is plenty of room in front of it for cars to park, or perhaps a large shed to be built (STCA).
The main house also features a good sized bathroom and an internal laundry. There is gas hot water.
Main has has 3 bedrooms, a tidy functional kitchen with laminate floors, electric upright oven and stove, an adequate dining room, lounge room and adjoining rumpus room giving families an opportunity to gather in different parts of the house as well as together.
The main bedroom has both a ceiling fan and an air conditioning unit, while the other two rooms have ceiling fans.
Granny Flat
This rather large granny flat has 2 good sized rooms on either side of the kitchen and bathroom areas. These rooms can be used either as loungeroom or a bedroom according to the user's taste and needs. The granny flat features an outside verandah as well as lovely wooden floors internally.
There is solar electricity on the property.
Outdoor Living
There is also a large fenced inground pool between the main house and the granny flat. Bear in mind that this is a very large block - it has a total size of 1313m2. This represents great potential going forward in a highly convenient and accessible location - but just out of view of any major thoroughfare.
All in all this property offers great returns on investment - good solid cashflow, and in the current environment of rising rents it is likely to only get better in the future. It is a convenient location for many people as it offers access to Ipswich, Brisbane and Logan all within 20 minutes.
To avoid disappointment, call Michael Fackerell today and arrange an inspection.
The size of Gailes is approximately 1.3 square kilometres. It has 8 parks covering nearly 6.4% of total area. The population of Gailes in 2011 was 1,646 people. By 2016 the population was 1,824 showing a population growth of 10.8% in the area during that time. The predominant age group in Gailes is 20-29 years. Households in Gailes are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gailes work in a labourer occupation. In 2011, 49.2% of the homes in Gailes were owner-occupied compared with 49% in 2016.
Gailes has 761 properties. Over the last 5 years, Houses in Gailes have seen a 98.37% increase in median value, while Units have seen a 94.69% increase. As at 30 September 2024:
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